Wednesday, March 19, 2008

Which Came First? The Bible or the Nest Egg? Using the Bible as Financial Blueprint

Which Came First? The Bible or the Nest Egg? 
Who and what do we consult for financial advice? Michelle Singletary? Yes. CNN? Yep! David Bach? Ok. The Wall Street Journal? Sure. Farrah Gray? Why Not! The Bible? ---What?

Yes, the Bible.

Using the Bible as Financial Blueprint
For Christians and members of other religious and spiritual faiths, the Bible is chiefly viewed as a moral and religious text. As result, Christians overlook its financial dimension, while members of other faiths including (agnostics and atheists) resist probing its contents all together because of mutually exclusive understandings of the spiritual way of the world. This narrow categorization cheats Christians, members of other faiths, and adherents to the "scientific method" of the non-religious and practical financial lessons that the Bible has to offer, which pre-date and parallel the conventional wisdom of some of The New York Times best-selling financial coaches. Below are 4 key scripture verses that, like our most followed financial gurus, voice the importance of budgeting, avoiding debt, thinking for yourself, and goal setting. 

Money Principle #1 Create a budget and stick to it!

Bible Verse: St. Luke 14:28-29 "For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it? Lest haply, after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him."

Money Principle #2: Focus on Yourself, Not the Joneses

Bible Verse: Galatians 3:4-5 "But let every man prove his own work and then shall he have rejoicing in himself alone, and not in another. For every man has his own burden to bear." 

Money Principle#3 Pay Off Debt in a Timely Manner/Avoid Predatory Lending

Bible Verse: Deuteronomy 15:1-2 "At the end of every seven years thou shalt make a release. And this is the manner of the release: Every creditor that lendeth ought unto his neighbour shall release it; he shall not exact it of his neighbour, or of his brother..."

Money Principle # 4 Be persistent and follow through to reap the benefits of hardwork

Bible Verse: Proverbs 12:11 "He that tilleth his land shall be satisfied with bread; but he that followeth vain persons is void of understanding."

Any comments, please send to adjowa2001@yahoo.com

5 comments:

damali said...

The title is hilarious!
The content is on point as usual.

Anonymous said...

The irony of using the term "Think for yourself" and referencing The Bible makes me laugh.

Beyond that, the advice is good.

Anonymous said...

Interesting one....how did you come to pick those
scriptures you used?

It was an interesting interpretation of those
scriptures.

Marissa

Ms. Money Magnet said...

I was thinking about how certain parts of the Bible were used to justify slavery. So, it got me thinking about how certain parts of the Bible could be used for good. Then, it pushed me to think how it could be used for financial freedom. So, from there I started doing research, read parts of the Bible relating to money, and narrowed down the selections. I read somewhere that there are over 9,000 references to money in the Bible. One of my favorites is Matthew 25:14-29. I did not include it because I was trying to meet a deadline.

Anonymous said...

Yes. With know the sinful nature of man, it was quite important to have money as one of the main discussion points in the bible. Considering how man bows down to money so easily, yet not to humble themselves for anything other then him/herself. It is important to understand our relationship to money. God has given it to us to use for his good not our own. This is why we have gotten ourselves into the mess we are in with money.

In reference to Matthew 25:14-29, we have to keep in mind that is a parable and not to only be taken as a literal discussion of money (dollar investment), but personal gifts (or talents) given to us and not used.

Good topic of dicussion to me.

Good Job as always Ms Kara

M